« previous next »

Author Question: The Independent Bank surveyed the status of student accounts and found that the average overdraft ... (Read 56 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
The Independent Bank surveyed the status of student accounts and found that the average overdraft was 21.22 with a standard deviation of 5.49 . If the distribution is normal, find the probability of a student being overdrawn by more than 18.75.

Question 2

Assume that all possible simple random samples of size two are taken from this population, and that the original population is normally distributed. Apply the Central Limit Theorem to find the mean of the sampling distribution of sample means.


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 24, 2018
Answer to Question 1

0.6736

Answer to Question 2

1.75


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Nursing student will find it funny Nursing student will find it funny
A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ... A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ...
Sample time management planning chart for a massage student. Sample time management planning chart for a massage student.
Average Global Temperatures Average Global Temperatures
Average Surface Air Pressure – July Average Surface Air Pressure – July
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library